Kennebunk Rotary Scholarship Fund Inc

Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating. The rating reflects a focus primarily on the Accountability & Finance pillar, which indicates that the fund meets some but not all standards of transparency and governance. While the score indicates a lack of certain policies and information, the organization has a majority of independent board members and shows no signs of material diversion of assets.

The Kennebunk Rotary Scholarship Fund demonstrates strengths in board independence and financial management, as evidenced by its low liabilities to assets ratio. However, there are significant areas for improvement, particularly in governance policies. The absence of a website listed on their tax form and missing conflict of interest and whistleblower policies highlight gaps in accountability practices.

Overall, the organization maintains a reasonable program expense ratio, suggesting that a majority of its funds are directed toward its charitable mission. However, the lack of transparency and certain required governance documents may raise concerns for potential donors about the fund's overall operational integrity.

This AI summary has been generated from information found on Charity Navigator.

Kennebunk Rotary Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kennebunk Rotary Scholarship Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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